Youth Financial Literacy Training Series

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Young attendees - Financial Literacy

The Council of Imams in New Jersey and City National Bank

Partnership for New Africa Community Service Accounts Hosts

By Imam Wahy-ud Deen Shareef and Anisah Muhammad

            NEWARK, N.J. –As part of the historic signing of the Memorandum of Understanding between the Council of Imams in New Jersey (CINJ), a mutual consultative body of Imams representing Muslim Community Masajid in New Jersey, in agreement with City National Bank (CNB), an African American owned bank headquartered in Newark, the first in a monthly series of Youth Financial Literacy Seminars took place at Masjid Waarithud Deen/Waris CRDC in Irvington, N.J.

On Dec. 22, 2013, the owner and CEO of Unity Brand Halal Products, Mr. Akbar Salaam, advisor to the CINJ, welcomed CNB Vice President, Mr. Randall Strickland to address the audience of youth, parents and families.

Presentation topics included:

  • Basics of Islamic finance and saving
  • The History of Money
  • Savings and investment basics

The youth in attendance had plenty of questions and remarks as they engaged in a lively exchange of ideas sharing with the presenters and audience members.

Several Imams from the CINJ were in attendance, including Imam Wahy-ud Deen Shareef, Convener of the CINJ; Imam Abdul Kareem Muhammad, Secretary of CINJ; Imam Habeeb-ullah El-Amin; Imam Abdullah Toure; and Imam Abdul Aleem Razzaqq.

Two basic themes resonated throughout the Seminar: THINK and always CONSULT with your parents in making any financial/life decisions.

As part of a growing number of services being offered under the CINJ and CNB Partnership, the youth Financial Literacy presentations will continue to be provided to young people.

Other educational and training programs/seminars designed to inform young people and adults about the New Africa Community Service Accounts, the Community Economic Development Fund and other banking and investment opportunities will be made available as a result of the partnership agreement.

To learn more about the CINJ and CNB Partnership and the many services made available to the community, please visit the Council of Imams in New Jersey website www.councilofimamsnj.com or City National Bank’s website www.citynatbank.com.  Or call 800-966-8262.

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